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Watch the Job Rotation in Action...
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WhiskeyGirl
Monkey All Star Jr.
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Posts: 7754
Watch the Job Rotation in Action...
«
on:
March 14, 2010, 11:33:31 AM »
"Sachs, a Top Aide to Geithner, to Exit "
Quote
As part of that shift, the Treasury is moving its "crisis response" team into a new division focused on capital markets, housing finance and other market issues, government officials said.
The office of Capital Markets and Housing Finance will be headed by Matt Kabaker, a senior adviser to Mr. Geithner and former managing director at Blackstone Group LP.
Its staff will include a handful of former Wall Streeters tapped by Mr. Sachs to help engineer the financial rescue,
including Morgan Ricks of Citadel Investment Group LLC, Jeff Foster of Apollo Global Management LLC and Ian Samuels of Blackstone.
Who's looking out for Main Street? The common family?
Is it possible members of this same group engineered the financial collapse?
Quote
Another top counselor to Mr. Geithner, Gene Sperling, is in talks with White House Budget Director Peter Orszag to be his deputy.
The president's first deputy director at the Office of Management and Budget, Rob Nabors, has left to join White House Chief of Staff Rahm Emanuel's office.
An OMB official said there are other candidates for the post besides Mr. Sperling, including the acting deputy budget director, Jeff Liebman.
Will things ever change? Ever work for the common people?
Quote
r. Sachs, previously a partner at private-equity firm Mariner Investment Group Inc., is one of only a few top aides to Mr. Geithner with Wall Street experience.
He has spent months bringing in additional personnel with a background in the capital markets to bolster the Treasury
.
Does 'additional personnel' mean Wall Street insiders? New recycled blood for the job rotation?
More action here -
http://online.wsj.com/article/SB10001424052748704541304575099930006422588.html?mod=WSJ_WSJ_US_News_5
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All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
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